Federated Hermes Inc
NYSE:FHI
Intrinsic Value
Federated Hermes, Inc. is engaged in the provision of investment management products and related financial services. [ Read More ]
The intrinsic value of one FHI stock under the Base Case scenario is 52.61 USD. Compared to the current market price of 36.12 USD, Federated Hermes Inc is Undervalued by 31%.
Valuation Backtest
Federated Hermes Inc
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Fundamental Analysis
Federated Hermes Ends Q4 with Rising Assets
2023-Q4 Earnings Call
Federated Hermes' Q4 saw solid asset growth, hitting a record $758 billion under management with particular strength in money market assets reaching $560 billion, a 17% rise annually. Despite positive market gains, equities experienced $4.7 billion in redemptions. Fixed income improved by $5.1 billion, buoyed by separate accounts, but funds saw redemptions of about $988 million. Total money market assets increased by 7% in Q4 alone. The company also launched new funds and has approximately $3.1 billion in uninvested institutional mandates. Revenue fell by $11.2 million due to lower equity assets and carried interest, while Q4 expenses dropped by $12.3 million. The firm expects seasonally higher compensation expenses in Q1.
Balance Sheet Decomposition
Federated Hermes Inc
Current Assets | 720.7m |
Cash & Short-Term Investments | 560.7m |
Receivables | 124.4m |
Other Current Assets | 35.6m |
Non-Current Assets | 1.4B |
PP&E | 130m |
Intangibles | 1.2B |
Other Non-Current Assets | 34.5m |
Current Liabilities | 287.3m |
Accounts Payable | 88.3m |
Accrued Liabilities | 174.7m |
Other Current Liabilities | 24.4m |
Non-Current Liabilities | 686.2m |
Long-Term Debt | 347.8m |
Other Non-Current Liabilities | 338.4m |
Earnings Waterfall
Federated Hermes Inc
Revenue
|
1.6B
USD
|
Cost of Revenue
|
-69.5m
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-1.1B
USD
|
Operating Income
|
401.2m
USD
|
Other Expenses
|
-116.2m
USD
|
Net Income
|
285m
USD
|
Free Cash Flow Analysis
Federated Hermes Inc
What is Free Cash Flow?
FHI Profitability Score
Profitability Due Diligence
Federated Hermes Inc's profitability score is 67/100. The higher the profitability score, the more profitable the company is.
Score
Federated Hermes Inc's profitability score is 67/100. The higher the profitability score, the more profitable the company is.
FHI Solvency Score
Solvency Due Diligence
Federated Hermes Inc's solvency score is 80/100. The higher the solvency score, the more solvent the company is.
Score
Federated Hermes Inc's solvency score is 80/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
FHI Price Targets Summary
Federated Hermes Inc
According to Wall Street analysts, the average 1-year price target for FHI is 38.08 USD with a low forecast of 35.35 USD and a high forecast of 42 USD.
Ownership
FHI Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
FHI Price
Federated Hermes Inc
Average Annual Return | 12.32% |
Standard Deviation of Annual Returns | 20.95% |
Max Drawdown | -65% |
Market Capitalization | 3.1B USD |
Shares Outstanding | 84 161 600 |
Percentage of Shares Shorted | 1.57% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Federated Hermes, Inc. is engaged in the provision of investment management products and related financial services. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 1,968 full-time employees. The firm sponsors, markets and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds) and Separate Accounts (which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products) in both domestic and international markets. In addition, the Company markets and provides stewardship and real estate development services to various domestic and international companies. The firm operates in the investment management business segment. The firm markets its funds to institutional customers and banks, broker/dealers and other financial intermediaries, including retail investors, corporations and retirement plans. The firm also provides a range of services to support the operation and administration of the Federated Hermes Funds.
Contact
IPO
Employees
Officers
The intrinsic value of one FHI stock under the Base Case scenario is 52.61 USD.
Compared to the current market price of 36.12 USD, Federated Hermes Inc is Undervalued by 31%.